Company’s fully autonomous system will adopt a perceive-as-it-goes approach to side-step the need to build and maintain detailed prior 3D mapsThe funding will enable FiveAI to grow its team, step-up its development and begin simulator and road testing of its software, as the company applies several of the latest AI technologies to solving the most complex problems in the autonomous vehicle space.Early approaches to autonomous vehicles have required accurate, 3D prior maps built using point cloud technology so that at runtime each vehicle can correlate against the prior map to accurately localise itself and establish a track to follow. Now FiveAI is planning a system using much stronger AI and ML to ensure that autonomous vehicles can safely and accurately navigate all environments, including complex urban ones, with simpler maps.…